Businessmen expect resilient economy ahead

Published by rudy Date posted on August 8, 2011

MANILA, Philippines – The economy will become more resilient in the next few months, the Makati Business Club (MBC) believes.

Seventy-six percent of respondents in the MBC’s second semester 2011 Executive Outlook Survey believe that the economy will perform better in the next 12 months, while only 20% gave a negative outlook.

The vote of confidence was already apparent since President Benigno Aquino came into office, with 64% of respondents stating that the business environment has improved over the past 12 months.

Some 53% of the respondents also believe that corruption has been reduced since Aquino took over.

A majority, 80%, believes that graft and corruption charges should be pursued against former President Gloria Macapagal Arroyo.

The respondents also gave the highest net satisfaction scores to the following government agencies: the Bangko Sentral ng Pilipinas, Department of Finance, Department of Trade and Industry, Department of Foreign Affairs, and the Department of Health.

On the other hand, the Ombudsman, the Sandiganbayan, the appeals and lower courts, the Philippine National Police, and the Bureau of Customs received the lowest net satisfaction scores for their performance from July 2010 to June 2011.

In a statement, Presidential Spokesman Edwin Lacierda said, “We are also united in the view that although the nation has achieved palpable progress, there is much work left for us to do. It is worth noting that the agencies with the lowest net satisfaction scores are those where corruption has been most deeply entrenched.”

He added, “We are hard at work to root out corruption in all of our agencies, and the next couple of months will no doubt manifest the reforms we have established, beginning with the appointment of our new ombudsman, Conchita Carpio-Morales.” –abs-cbnNEWS.com

April 2025

World Day for Safety and Health at Work
“Safety and health at work every day!”

Invoke Article 33 of the ILO constitution
against the military junta in Myanmar to carry out the 2021 ILO Commission of Inquiry recommendations against serious violations of Forced Labour and Freedom of Association protocols.
Accept National Unity Government
(NUG) of Myanmar.
Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideos

Time to support & empower survivors. Time to spark a global conversation. Time for #GenerationEquality to #orangetheworld!

Monthly Observances:

March – Women’s Role in History Month
April – Month of Planet Earth

Weekly Observances:
Last Week of March: Protection and Gender Fair Treatment of the Girl Child Week
Last Week of April – World Immunization Week

Daily Observances:
Mar 25 – International Day of Remembrance of the Victims of Slavery and the Transallantic Slave Trade
Mar 27– Earth Hour
Apr 21 – Civil Service Day
Apr 22 – World Earth Day
Apr 28 – World Day for Safety and Health at Work

Trade Union Solidarity Campaigns

No to Trafficking

Jobs! Jobs! Jobs!

Categories